Scientific publications

Disease of the emerging economies, which at one time told Hernando de Soto, today seem trivial, their scientists in vain no longer notice. It is the problem of capitalization of Russian citizens can give a significant shift in investment processes. Goal. Prove that in Russia in addition to public investment, there is the possibility to use private investment if their respective legally formalize and create conditions for the development of the market of private securities. The results. It is proved that the lack of legal formalities and skills among Russians (intellectual capital) use of available own assets explains why Russians have mastered practically all the technical innovations of our time, not being able to develop your own personal capital.